Oil share of electricity — all countries

Oil share of electricity — Venezuela

Oil share of electricity in Venezuela in 2023 — 4.63%. Ranked 88 in the world out of 136. Since 1990, the indicator has fallen by 6.87 pp.

2023 4.63% −0.17 pp vs 2022
World rank 88of 136
Period maximum 21.37%2016
Period minimum 2.35%1996

Trend over time

1990–2023 · % of generation

Oil share of electricity — Venezuela, 1990–202301020301990199419982002200620102014201820221990: 11.5%1991: 5.44%1992: 6.85%1993: 6.19%1994: 3.47%1995: 3.18%1996: 2.35%1997: 3.6%1998: 5.89%1999: 6.46%2000: 9.27%2001: 11.09%2002: 14.53%2003: 16.58%2004: 12.74%2005: 13.11%2006: 12.61%2007: 11.51%2008: 12.54%2009: 13.08%2010: 15.96%2011: 14.88%2012: 16.24%2013: 15.14%2014: 17.45%2015: 17.55%2016: 21.37%2017: 14.05%2018: 17.67%2019: 7.8%2020: 4.11%2021: 6.85%2022: 4.8%2023: 4.63%
Change over the period: −6.87 pp Annual average: -0.21 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 4.63%
World 2.51%
South America computed 2.88%
Oil share of electricity — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2023 4.63 −0.17 pp
2022 4.8 −2.05 pp
2021 6.85 +2.74 pp
2020 4.11 −3.69 pp
2019 7.8 −9.87 pp
2018 17.67 +3.62 pp
2017 14.05 −7.32 pp
2016 21.37 +3.82 pp
2015 17.55 +0.1 pp
2014 17.45 +2.31 pp
2013 15.14 −1.1 pp
2012 16.24 +1.36 pp
2011 14.88 −1.08 pp
2010 15.96 +2.88 pp
2009 13.08 +0.54 pp
2008 12.54 +1.04 pp
2007 11.51 −1.11 pp
2006 12.61 −0.5 pp
2005 13.11 +0.37 pp
2004 12.74 −3.84 pp
2003 16.58 +2.05 pp
2002 14.53 +3.44 pp
2001 11.09 +1.82 pp
2000 9.27 +2.81 pp
1999 6.46 +0.57 pp
1998 5.89 +2.3 pp
1997 3.6 +1.25 pp
1996 2.35 −0.84 pp
1995 3.18 −0.28 pp
1994 3.47 −2.72 pp
1993 6.19 −0.66 pp
1992 6.85 +1.41 pp
1991 5.44 −6.06 pp
1990 11.5

About the indicator

The share of electricity generated from oil and petroleum products. In large power systems this share is close to zero: burning oil for electricity is expensive, and it is more profitable to send it to transport. It is high where there is no other choice — on islands and in isolated systems, to which diesel can be shipped but where a pipeline or a large hydro plant cannot be built. A high value therefore usually says not that a country is rich in oil but that it is isolated.

Important: Aggregates are weighted by generation in terawatt-hours and computed from 2000 onward. A high value usually means an isolated power system rather than oil wealth.

Source: World Development Indicators (World Bank), license CC BY 4.0.